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the... fiscal cliff.../ at... least... ápartiallyá... in... a... late white ouse... is... proud... it... americann... from... automatic... tax hikes..../ but... he deal... sets the stage... for... mmre fights... in... theecoming ponths....///jjnnifer... davis... haa the latest... from... w. washington. president obama arrives n hawaii to resume his vacation - now that congress has ulled theecountry back after it briefly ell over the fiscal cliff..obama says "i willlsign wealttiest perccnt of pmericans while preventing a middle-class tax hike.. markets opened up after house members approved the senate deal that keeps taxxraaes the same for couples making less than 450 thoosand. hoyer says "we take a step, a positive pren't happy because the deal national debt over tte next ten years and puts off debaae military spending cuts for two months. shelby says "now he isswanting to talk about cutting spending. it's kind of a joke." the spending debate will now come as the country has to aise the debt ceiling. moran says "the probbem is we set up 3 more fiscal cliffs // we're onna look back
the... fiscal cliff.../ at... least... ápartiallyá... in... a... late white ouse... is... proud... it... americann... from... automatic... tax hikes..../ but... he deal... sets the stage... for... mmre fights... in... theecoming ponths....///jjnnifer... davis... haa the latest... from... w. washington. president obama arrives n hawaii to resume his vacation - now that congress has ulled theecountry back after it briefly ell over the fiscal cliff..obama says "i willlsign wealttiest...
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the republicans voted for, the majority of the republican caucus did not vote for the fiscal cliff package. but when it comes to the politics of this and support for the speakers, many people gave him a pass. they feel that they understood where they were with the fiscal cliff. republicans had the leverage. they feel that they have the rev lage here and they don want to give it up. it's a very delicate dance that the speaker is going to have to do to convince the republicans that they do have leverage, but how far are they willing to take it. patience is running out among house republicans with the speaker about just how many times they're willing to say okay fine, we'll talk about the next fight. >> brianna keeler is in the east room right now, brianna, i don't know about you, but i only found out about this news conference this morning, was this one of these last-minute decisions? what's going on over there? >> we found out with very short notice that president obama would be giving this press come frensz and there are a number of issues pressing that he will get questions about. the deb
the republicans voted for, the majority of the republican caucus did not vote for the fiscal cliff package. but when it comes to the politics of this and support for the speakers, many people gave him a pass. they feel that they understood where they were with the fiscal cliff. republicans had the leverage. they feel that they have the rev lage here and they don want to give it up. it's a very delicate dance that the speaker is going to have to do to convince the republicans that they do have...
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agreed to pass the fiscal cliff plan. the bill was passed just before 11:00 in a 267-167 vote. the bill to avoid tax hikes for middle class americans and spending cuts is now on the way to the president for his signature. in order to pass the bill, the house had to abandon its deal for further spending cuts. >>> school will resume today at sandy hook elementary. classes will be held in another bilgd near the school in newtown, connecticut. experts say it is important for children to get back into a routine and for teachers and parents to offer reassurance. 20 children and six adults were killed at the school back on december 14th. >>> more same-sex couples are set to tie the knot in maryland today. it's the first day of the new year that civil ceremonies can be performed at the historic courthouse wedding chapel in annapolis. new year's day was the first day that same-sex marriages became legal in maryland. the proprietiors of the black walnut point inn on tillman island invited same-sex couples to get married for free ye
agreed to pass the fiscal cliff plan. the bill was passed just before 11:00 in a 267-167 vote. the bill to avoid tax hikes for middle class americans and spending cuts is now on the way to the president for his signature. in order to pass the bill, the house had to abandon its deal for further spending cuts. >>> school will resume today at sandy hook elementary. classes will be held in another bilgd near the school in newtown, connecticut. experts say it is important for children to...
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and the reason had to do with the fiscal cliff, ashley. all day long yesterday the speaker was getting an earful from his members that there weren't spending cuts in this fiscal cliff deal. so i'm told by reliable republican sources he simply felt the last thing he could do politically for internal politics was to put a vote on the floor right afterwards with $60 billion in new spending that's not paid for. that's the reason why you heard chris christie in new jersey really getting personal and really talking about palace intrigue and interparty politics because that's what went on. it was just the feeling that it was just too much tumult in a toxic environment when it comes to spending. >> i'm not sure i understand whether it was displeasing tumult or tumult that would jeopardize getting an actual bill. i didn't see that point being maid. if that's what the speaker meant, if that was the merit of his argument for not holding that vote why didn't he say that? >> reporter: his aides said it this morning. it certainly wasn't telegraphed in a
and the reason had to do with the fiscal cliff, ashley. all day long yesterday the speaker was getting an earful from his members that there weren't spending cuts in this fiscal cliff deal. so i'm told by reliable republican sources he simply felt the last thing he could do politically for internal politics was to put a vote on the floor right afterwards with $60 billion in new spending that's not paid for. that's the reason why you heard chris christie in new jersey really getting personal and...
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the fiscal cliff is a lot less scary than the debt ceiling. so i don't think the republicans are quite as crazy as they were back in 2011. and i think the president has decided he has stated unequivocally he will not hold back on this. >> i want to turn to hillary clinton and the people who have been making claims and accusations that she was faking illness in order to avoid testifying about benghazi. here's a sample. take a listen. >> i'm not a doctor, but it seems as though that the secretary of state has come down with a state of benghazi flu. >> and this is a diplomatic illness to beat the band. >> you had a good line. hillary has severe benghazi allergy. >> i've been doing a lot of work on that, investigating. she is the first reporter of the case and it's a severe one. >> let's see the medical report on that. >> we now know doctors discovered a blood clot. an apology is expected. do you think one will be forthcoming? >> i think the republican leadership should apologize. will it be forthcoming? i doubt it. but what i -- >> if anything th
the fiscal cliff is a lot less scary than the debt ceiling. so i don't think the republicans are quite as crazy as they were back in 2011. and i think the president has decided he has stated unequivocally he will not hold back on this. >> i want to turn to hillary clinton and the people who have been making claims and accusations that she was faking illness in order to avoid testifying about benghazi. here's a sample. take a listen. >> i'm not a doctor, but it seems as though that...
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liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen the piece of legislation move forward, the specifics. as you look live, vice president biden walked into the democratic caucus meeting there just beyond where the reporters are standing there by the microphones and said happy new year, happy new year, isn't it great that you all are here tonight. so what about this deal that is shaping up? the house will not be taking it up tonight. they have adjourned for the night and they will reconvene in 2013. actually you noon tomorrow the house will come back. essentially the u.s. will go over the fiscal cliff. but what about this deal that is shaping up and may be a done deal? we now turn to chief congressional correspondent mike emanuel live monitoring all of the back and forth up on the hill. hi, mike. >> hi, bret, good evening. democratic sources feel like there is a deal between the white house and congressional
liberal democrats to sign on to the deal avoiding the fiscal cliff. as you look live at the capitol dome, the light on top of the dome is lit because the congress s in session. but we haven't seen the piece of legislation move forward, the specifics. as you look live, vice president biden walked into the democratic caucus meeting there just beyond where the reporters are standing there by the microphones and said happy new year, happy new year, isn't it great that you all are here tonight. so...
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and this, of course, is all because of the deal to avert the fiscal cliff. all 30 of the stocks that ma they happened to be two of the worst performers from 2012. so maybe some bargain hunting going on. bank stocks are looking good right now. they touched a new 52-squeak high, so everything is up today of the almost 3,000 stocks that trade here, less than 200 are trading lower, so a strong way to begin the year. the question is, will it last? >> oh, you. i knew you were going to bring that up, you mean the three other fiscal cliffs we have to deal with? alison kosik, gosh. >> just the little details, you know, like the spending cuts and debt ceiling debate. >> you're still the most adorable person on wall street, in my opinion. >> you know what's funny is there's one analyst who says congress has all right done the the debt limit -- the day they're rallies, but this is on the back of their minds. >> good to see you. happy new year. >>> how big a rally will we see? we'll keep an eye on the big boards, and we'll be right back. zinchts i'm the executive chef in
and this, of course, is all because of the deal to avert the fiscal cliff. all 30 of the stocks that ma they happened to be two of the worst performers from 2012. so maybe some bargain hunting going on. bank stocks are looking good right now. they touched a new 52-squeak high, so everything is up today of the almost 3,000 stocks that trade here, less than 200 are trading lower, so a strong way to begin the year. the question is, will it last? >> oh, you. i knew you were going to bring...
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it's the last day to avoid the fiscal cliff, but another is coming. in two months, they have to act to raise the debt ceiling or do something about the debate and and -- avoid spending cuts. two items, judge, to you first. there's another cliff -- we're simply not resolving the fundamental underlying problem of america which is spending and debt. >> in full accord of what you said. didn't resolve it last night, not over the weekend, and there's not the will to resolve it. now, i'm trying to say that from a neutral point of view. that is, the american people, business people, entrepreneurs, homeowners, the vast majority of the american society need to know in advance what the tax laws are and rates will be. we cannot long tolerate a government that puts together scotch tape deals in the last minute and literally the last minute so two days ago people didn't know the taxes rates today. that's from a neutral point of view. from a partisan point of view if you permit me, it's a total -- the republicans didn't gain anything from the deal giving the preside
it's the last day to avoid the fiscal cliff, but another is coming. in two months, they have to act to raise the debt ceiling or do something about the debate and and -- avoid spending cuts. two items, judge, to you first. there's another cliff -- we're simply not resolving the fundamental underlying problem of america which is spending and debt. >> in full accord of what you said. didn't resolve it last night, not over the weekend, and there's not the will to resolve it. now, i'm trying...
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the fiscal cliff only raised $600 billion of revenue. we need to raise another $600 billion of revenue, and we've got to go about finding a way to do that as well. >> congressman, do you agree with that sentiment? i constantly in my role as a talk radio host hear from people who say the spending is out of control, and if this is spun as republicans standing up to all that spending and saying enough is enough, i think the wind could be at the gop's back. >> well, i don't know if the wind is at our back. first of all, governor, nice to see you again. >> hi, steve. >> i would tell you that spending is the problem, but where we missed the boat was by resisting on the tax side so long it became all about the taxes, that the spending got lost. as the governor correctly points, this fiscal cliff deal only raises $600 billion over ten years, which is $60 billion a year, and if you look at the sandy package that's coming up, that's $60 billion. so that money is already spent, and we're still borrowing $1 trillion. but the governor hits the right
the fiscal cliff only raised $600 billion of revenue. we need to raise another $600 billion of revenue, and we've got to go about finding a way to do that as well. >> congressman, do you agree with that sentiment? i constantly in my role as a talk radio host hear from people who say the spending is out of control, and if this is spun as republicans standing up to all that spending and saying enough is enough, i think the wind could be at the gop's back. >> well, i don't know if the...
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back to the markets, big rally today with a deal on the fiscal cliff. stuart hoffman from pnc financial services out of pittsburgh, peter barnes at the top of the hour on what this deal means to you individually but what does it mean to the economy as a whole? stuart: i think it is a good thing. we avoided the huge tax hikes that would have thrown the economy into recession. the disappointment is we kicked the can down the road on the spending side. the two month we gotta deal with the debt ceiling, we had assumed there would be $150 billion of tax hikes if you want to call it that and another $50 billion of spending cuts. that hasn't been determined. the unemployment would be extended. it really doesn't cause us to go back to the drawing board. the economy grows at a moderate 2-1/4%, two million jobs. connell: you could go back to the drawing board after the next deal. could be for example more spending cuts? >> could go back to the drawing board. given how messy this does in the last couple days, the republican, house republicans are back on their hee
back to the markets, big rally today with a deal on the fiscal cliff. stuart hoffman from pnc financial services out of pittsburgh, peter barnes at the top of the hour on what this deal means to you individually but what does it mean to the economy as a whole? stuart: i think it is a good thing. we avoided the huge tax hikes that would have thrown the economy into recession. the disappointment is we kicked the can down the road on the spending side. the two month we gotta deal with the debt...
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we were off the fiscal cliff, all of washington turns its attention one day after the fiscal cliff deal to the next fiscal cliff and that's going to be a fight over the debt ceiling coming in march. the treasury department has said it has some running room here to deal with the u.s. debt ceiling, but it will run out eventually, likely end of february or early march for that. and the deal that was just done here in washington did nothing about the so-called sequester, which is that dramatic series of spending cuts other than punt it for two months. that means early march will be another battle in spending in washington. if that's not enough, coming at the end of march will be a fight over what they call the continuing resolution. that keeps the american government financed and up and running. that runs out on march 27th which sets up another big battle over whether or not they can keep the government functioning here in washington, d.c. all of that is poisoning the atmosphere here in washington as people coming off this latest deal with bruised feelings and they know they have to go into
we were off the fiscal cliff, all of washington turns its attention one day after the fiscal cliff deal to the next fiscal cliff and that's going to be a fight over the debt ceiling coming in march. the treasury department has said it has some running room here to deal with the u.s. debt ceiling, but it will run out eventually, likely end of february or early march for that. and the deal that was just done here in washington did nothing about the so-called sequester, which is that dramatic...
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the fiscal cliff legislation. long distance, by auto pen. didn't know you could do that. might as well stay in hawaii. what do you say? hello, hello hello and welcome to the "full court press" here on current tv and on your local progressive talk radio station this thursday morning january 3rd. good to see you today. welcome, welcome welcome. we've got lots and lots to talk about today. secretary of state hillary clinton out of the hospital. number one. number two outrage and uproar, protest over john boehner's decision to delay funding for the victims of hurricane sandy. governor cuomo governor christie are pissed. they should be. they've let it be known and john boehner has caved in a little bit. still won't do it in this session of congress when the help is needed. the new congress sworn in today. 113th congress. their first priority is going to be yet another battle. this time, not over the fiscal cliff but over the debt ceiling and it is probably going to be uglier than the last one. we'll try to cover all of
the fiscal cliff legislation. long distance, by auto pen. didn't know you could do that. might as well stay in hawaii. what do you say? hello, hello hello and welcome to the "full court press" here on current tv and on your local progressive talk radio station this thursday morning january 3rd. good to see you today. welcome, welcome welcome. we've got lots and lots to talk about today. secretary of state hillary clinton out of the hospital. number one. number two outrage and uproar,...
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fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for come prom ties house went into session at noon. the r
fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year....
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the house finally passing a compromise on the fiscal cliff. we're going to have more on that coming up in a report. good morning, everyone. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. before we get to that, we want to get to tucker barnes and find out what's happening outside in the weather world. >> good morning. >> good morning. >> i'm not sure everybody is going back to work, everybody going back to work and and school today. weather is going to be quiet, looking fine. generally dry conditions out there. it is cold. kids going to the bus stop, that kind of thing, they're going to want the winter coat. oh, yeah. temperatures in the 30s. it's going to be a cool couple of days around here, but we should be dry for much of the remainder of the week. let's go to the radar. with the exception of our friends to the south and east across lower eastern shore, see down towards salisbury and ocean city, a couple of leftover sprinkles and light snow flurries. the rest of us are looking at dry conditions. we have a cold front
the house finally passing a compromise on the fiscal cliff. we're going to have more on that coming up in a report. good morning, everyone. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. before we get to that, we want to get to tucker barnes and find out what's happening outside in the weather world. >> good morning. >> good morning. >> i'm not sure everybody is going back to work, everybody going back to work and and school today. weather is...
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tax hike from the fiscal cliff deal. >> revenue side of it taking care of you. it is from the standpoint of closing loopholes we know doak doak do that. what do they know about the president's strategy going forward. instead of private he has public sites. there are more campaign stale stakt ticks. the nation's credit card limit. the president is telling congress to raise that feeling without a sight. >>> one thing i will not do is whether or not they should pay the tax on bills they already wraps up. if congress gives us the ability to pay the pill on time. t i had economy stuff. families and businesses cannot afford the dangerous game. >> congress that is two months to fix the debt ceiling before the u.s. will default on some of the bills. >> how is that tough spot going over with repaub cans? -- republicans? >> not very well. thor those who pushed for the higher taxes during the fiscal cliff battle now want to focus on spending. they see raising the debt limit repeatedly is path of the problem. >> looks like the second term of obama will be an in your case te
tax hike from the fiscal cliff deal. >> revenue side of it taking care of you. it is from the standpoint of closing loopholes we know doak doak do that. what do they know about the president's strategy going forward. instead of private he has public sites. there are more campaign stale stakt ticks. the nation's credit card limit. the president is telling congress to raise that feeling without a sight. >>> one thing i will not do is whether or not they should pay the tax on bills...
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fiscal deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a laser in the coming months as negotiations continue. mitch mcconnell look at the incoming class of house republicans as well who voted, many of them against the bill on friday that provided $9 billion in flood relief to sandy. they did it because there weren't spending cuts. >> jonathan, how is the fiscal cliff fight, how might that shape the debt ceiling fight for republicans? >> it's everything to them in terms of they feel as it was pointed out before that they didn't get the spending cuts they wanted. they see the debt ceiling coming up in the early couple of months of the year here as an opportunity for leverage to get those spending cuts that they didn't just get. the president of the united states says he's not going to play ball on that. he may unilaterally raise the debt and may lower the debt and there are a few options on the t
fiscal deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a laser in the coming months as negotiations continue. mitch mcconnell look at the incoming class of house republicans as well who voted, many of them against the bill on friday that provided $9 billion in flood relief to sandy. they did it because there weren't spending cuts. >> jonathan, how is the fiscal...
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this had nothing to do with the fiscal cliff and -- >> it does have to do with the fiscal cliff. >> no. >> you couldn't get the votes to address your issue and your interpretation of what the cliff represents. >> exactly. >> until you do mine. and mine happens to be nascar. >> log rolling and that's what it's all about. >> didn't you see the movie lincoln? >> i had so see get trip trip -- guilt trip. it was sold out the other day. >> you will see a bird's-eye view of how it was in the 1860s when it was necessary to do what was to be done to allow me to sit here. >> welcome back. thousands -- and that was an interesting little pork politic -- >> it really makes you roll your eyes. >> no. why should it? >> all this drama about the fiscal cliff, middle class americans stuck in the middle waiting to find out what was going to happen and you knew a deal was going to come but they have to leave it hanging until the last minute to keep everybody on edge. it's irritating and now another bunch of drama coming up. >> it will be interesting to see what pork is in this fiscal -- >> and another ter
this had nothing to do with the fiscal cliff and -- >> it does have to do with the fiscal cliff. >> no. >> you couldn't get the votes to address your issue and your interpretation of what the cliff represents. >> exactly. >> until you do mine. and mine happens to be nascar. >> log rolling and that's what it's all about. >> didn't you see the movie lincoln? >> i had so see get trip trip -- guilt trip. it was sold out the other day. >> you...
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we avoided the fiscal cliff. it doesn't seem like there will be a late comer. >> there were a lot of political levers being pulled over the next six days. thank you so much for joining thus morning. good stuff. >>> that's the politics. what about the politics and the money? what does it mean for everyone. >> money, money, money. >> your tax rates are not going up unless you are rich. for 98% of americans, but paychecks will be smaller, that's because the 2-year-old payroll tax holiday is over. it expired. it's done. the rate you pay out of your paycheck to fund social security goes back up to 6.2%. here is how it affects your bottom line. making $30,000, you will pay about $50 more a month in taxes -- excuse me. if you are earning $50,000, you will give $83 more a month to the taxes that fun social security. if you make $113,000 a year, you will pay an extra $189. this was a measure to get the economy going, stimulative measure, treasury department, picked up your toab. it cost us $120 billion a year. a perk to e
we avoided the fiscal cliff. it doesn't seem like there will be a late comer. >> there were a lot of political levers being pulled over the next six days. thank you so much for joining thus morning. good stuff. >>> that's the politics. what about the politics and the money? what does it mean for everyone. >> money, money, money. >> your tax rates are not going up unless you are rich. for 98% of americans, but paychecks will be smaller, that's because the 2-year-old...
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over the fiscal cliff. the bill raises taxes on the wailtiest 2% of americans but maintains tax cuts for most people. >>> today's agreement enshirine the principal and the law. the deficit needs to be reduced in a way that's balanced. everyone pays their fair share, does their part. that's how our economy works best. that's how we grow. >> the president said the legislation will prevent the economy from slipping back into recession. >>> today, the governor of pennsylvania will announce a lawsuit against the ncaa over the stiff sanctions it imposed on penn state university in the wake of the jerry sandusky scandal. former assistant football coach convicted of sexually abusing boys. they fined penn state $60 million and removed 40 seasons of victories under joe paterno. >>> a connecticut attorney who sought to sue the state for $100 million over the school massacre in newtown, connecticut. the outcry was so strong, that the attorney has withdrawn it. >> this is a horrible tragedy, and if i offended anyone, i
over the fiscal cliff. the bill raises taxes on the wailtiest 2% of americans but maintains tax cuts for most people. >>> today's agreement enshirine the principal and the law. the deficit needs to be reduced in a way that's balanced. everyone pays their fair share, does their part. that's how our economy works best. that's how we grow. >> the president said the legislation will prevent the economy from slipping back into recession. >>> today, the governor of...
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returning now to the latest developments in the fiscal cliff negotiations. republican members of the house will meet for a second time today in just about ten minutes. at 5:15, to talk about how they want to move this bill that came from the senate forward. jennifer johnson joins us now from capitol hill. jennifer, republicans have strong feelings about this senate measure. what are the chances we are going to see an up or down vote on this? >> reporter: i would say an up and down vote on the bill the senate passed at 2:00 this morning, very unlikely. the house may take a vote on an amended bill. the senate has just sent word if an amended bill is sent to the senate, the senate will not act on it and this entire fiscal crisis will be passed on to the new congress which comes to work on thursday. >> is that because the -- senate -- for the most part has already left? >> well, senate leaders remain in session and they already decided if there was going to be a vote on the bill that they sent to the house they could do it without a roll call and do it and pass
returning now to the latest developments in the fiscal cliff negotiations. republican members of the house will meet for a second time today in just about ten minutes. at 5:15, to talk about how they want to move this bill that came from the senate forward. jennifer johnson joins us now from capitol hill. jennifer, republicans have strong feelings about this senate measure. what are the chances we are going to see an up or down vote on this? >> reporter: i would say an up and down vote on...
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we'll have more on the late night averting the fiscal cliff. it's a deal that could pave the way for a bigger fight between democrats and republicans in the weeks and months to come. we'll be live in washington. also ahead, will 2013 be a good year for your bottom line. should you invest in stocks or start your own business? we'll ask a roundtable of some of the most successful people in america, including warren buffett and the creator of spanks. >> then, some help if you want to lose weight and get in shape in the new year. we're going to test out some of the hottest at-home fitness gadgets on the market right now. >>> we'll tell you why psy wants to officially retire that gangnam style craze. as we get started on a wednesday morning right here on "today." aaron, back to you. >> probably so you don't have to learn that dance, matt. >> if it's officially retired, i have officially dodged that. i have not done it and probably never will. >> i'm with you on that one. matt, see you in a little bit. >> all right, buddy. >> see you. >>> managed to
we'll have more on the late night averting the fiscal cliff. it's a deal that could pave the way for a bigger fight between democrats and republicans in the weeks and months to come. we'll be live in washington. also ahead, will 2013 be a good year for your bottom line. should you invest in stocks or start your own business? we'll ask a roundtable of some of the most successful people in america, including warren buffett and the creator of spanks. >> then, some help if you want to lose...
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the hang seng rose 86. >>> that fiscal cliff deal wasn't all that good news. if a viable plan to shrink the deficit isn't reached in the next few months, the government's credit rating could be at risk. >>> al jazeera may be coming to a tv near you. former vice president al gore sold current tv the channel he co-founded to al jazeera. the plan is to use current's u.s. distribution to broadcast the english news channel. one interesting note, as soon as the deal was announced, time warner cable said he had would drop the channel from their 12 million subscribers. >>> polaroid seems to be developing a new business plan. get it, developing. the company will be opening several retail shops called photo bars where people can come into the store and download and print pictures. they'll be photo tenders to help people out with the process. >>> if you build it, they will buy it. the famous iowa baseball diamond from the iconic baseball movie owe field of dreams" has been sold for $3.4 million. they plan to transform the landmark into 24 youth baseball fields. >>> water
the hang seng rose 86. >>> that fiscal cliff deal wasn't all that good news. if a viable plan to shrink the deficit isn't reached in the next few months, the government's credit rating could be at risk. >>> al jazeera may be coming to a tv near you. former vice president al gore sold current tv the channel he co-founded to al jazeera. the plan is to use current's u.s. distribution to broadcast the english news channel. one interesting note, as soon as the deal was announced,...
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the latest casualty of the fiscal cliff fight. does the president bare any responsibility for a broken washington? >> well, look. i think what the president has challenged members of both parties to do is make sure our politics fix the moment and the size of the problems that we have. certainly he has worked tirelessly to bring democrats and republicans together to try to solve some of these problems and i think you have seen and others have seen time after time it's hard to bring speaker boehner to the table. >> robert, there's an old phrase that someone wise always says. don't confuse effort with accomplishment. >> that's probably -- that should be the motto of washington. but, look. in this piece, we have averted tax rates going up on the middle class right now, which i think is a huge victory for the country. the question is, again, we have this mini -- government by mini crisis, and the question is how are we going to meet that moment in the next two months? how are we going to make sure that the peopeople who were hur and th
the latest casualty of the fiscal cliff fight. does the president bare any responsibility for a broken washington? >> well, look. i think what the president has challenged members of both parties to do is make sure our politics fix the moment and the size of the problems that we have. certainly he has worked tirelessly to bring democrats and republicans together to try to solve some of these problems and i think you have seen and others have seen time after time it's hard to bring speaker...
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sue, the dust has settled from the fiscal cliff crisis, the economy sending some promising signals. but there is still a lot of americans out of work. what do we expect when december's job numbers come out tomorrow? >> reporter: well, there's some decisions on wall street that are being made right now in terms of the trading day tomorrow. because that report tomorrow morning is expected to show pretty much what we saw in november, about 151,000 new jobs created. but remember, last month there was a lot of controversy over the jobs report because of revisions. we're going to get that same kind of data skew in tomorrow's report. and that's one of the reasons why people sold wall street today. nobody wants to be aggressively long stocks ahead of that report tomorrow morning. there's still a lot of nervousness, lester, in the market. >> sue herrera at cnbc headquarters, thanks. >>> one other news item about big money. former vice president al gore is a much richer man tonight, about $100 million richer after selling his little-watched cable channel, current tv, to the arab news channel,
sue, the dust has settled from the fiscal cliff crisis, the economy sending some promising signals. but there is still a lot of americans out of work. what do we expect when december's job numbers come out tomorrow? >> reporter: well, there's some decisions on wall street that are being made right now in terms of the trading day tomorrow. because that report tomorrow morning is expected to show pretty much what we saw in november, about 151,000 new jobs created. but remember, last month...
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and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. hello very good evening to you delighted to have you company this new year's day evening it's now ten pm here in moscow my name is kevin now and our top story it out the small office evening twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as they look at the world's big party showing new zealand first of all was among the first washer in twenty thirty crowd packed the harbor don't live with joy the fireworks exploding over the city's sky was a beautiful scene that then was over to a straight. shortly afterwards with almost two million people gathering to see the now standard jaw dropping fireworks from the harbor bridge as the clock struck midnight new year continued its triumphant march through asia with one of the most spectacular shows on bailing in hong kong its biggest ever in fact. leading to twenty thirteen huge like sixty. on land and sky then europe picking up the h
and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. hello very good evening to you delighted to have you company this new year's day evening it's now ten pm here in moscow my name is kevin now and our top story it out the small office evening twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as they look at the world's big party...
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and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. if you just joined us for good morning to you from moscow just a tad after midnight here now my name is kevin when i first twenty thirteen has made around the globe the last twenty four hours with an array of fireworks performances and cheering crowds as take a look at how the world celebrates and should we use a lead was among the first to usher in twenty thirty proud. to introduce one of the fireworks exploding of the city's right. then straight here join the festivities very shortly afterwards with almost two million people gathered to see that now stand your dropping fireworks display from the harbor bridge as the clock struck it. do you continue to trump the march through asia with one more spectacular shows and hong kong when the biggest ever in fact work out that twenty thirty culminated in a light extravaganza on the land in the sky. and europe picked up the torch then here is burlington hosting one of the world's largest
and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. if you just joined us for good morning to you from moscow just a tad after midnight here now my name is kevin when i first twenty thirteen has made around the globe the last twenty four hours with an array of fireworks performances and cheering crowds as take a look at how the world celebrates and should we use a lead was among the first...
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despite the tax hikes from the fiscal cliff deal. listen. >> no, no. >> revenue side of it taken care of? >> no, it's not. we're talking about looking at the tax code and putting everything on the table from the standpoint of closing loopholes and we know that we can do that. >> molly henneberg is live in washington. molly, what do we know about the president's strategy going forward? >> shannon instead of trying negotiations, president obama is drawing some very public lines in the sand over fiscal fights to come. likely trying to win over american support with more public campaign style tactics. on the debt ceiling essentially the credit card limit shall the president is calling on congress to raise that ceiling without a fight. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already wracked up. if congress fuses to give the united states ability to pay for bills on time. the consequence could be sc catastrophic. the last time our families and businesses suffered for it. >> c
despite the tax hikes from the fiscal cliff deal. listen. >> no, no. >> revenue side of it taken care of? >> no, it's not. we're talking about looking at the tax code and putting everything on the table from the standpoint of closing loopholes and we know that we can do that. >> molly henneberg is live in washington. molly, what do we know about the president's strategy going forward? >> shannon instead of trying negotiations, president obama is drawing some very...
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the fiscal cliff agreement puts off the budget fight for two months. but the fact that lawmakers reached any agreement sent stocks higher. >> reporter: if you combine the 300 plus jobs with the additional 166 points for new year's eves, the blue chips had their biggest point gains ever for the last day and first day of any year. >> it was a relief rally, with the deal being done, the markets up as a sigh of relief. >> reporter: all 30 stocks were up and more than 90% of the s&p 500. the markets were optimistic that the economy wouldn't fall into recession after congress agreed to a deal that prevented most tax increases and postponed painful spending cuts for another two months. big name stocks and technology companies, the engines that helped fuel economic growth, did particularly well. >> removing uncertainly like the fiscal cliff, the debt ceiling, that's going to help bring things into a clearer focus and should ultimately help both the economic performance and the performance of everyone's 401(k). >> reporter: that's a relief to 60 million america
the fiscal cliff agreement puts off the budget fight for two months. but the fact that lawmakers reached any agreement sent stocks higher. >> reporter: if you combine the 300 plus jobs with the additional 166 points for new year's eves, the blue chips had their biggest point gains ever for the last day and first day of any year. >> it was a relief rally, with the deal being done, the markets up as a sigh of relief. >> reporter: all 30 stocks were up and more than 90% of the...
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it would mean that we're going over the fiscal cliff. if the latest is that maybe they won't be amending it, that would be a very positive sign. >> suarez: let me ask you both, if there's interest on both sides of the aisle to not start this argument all over again with the 113th congress. with new members in both chambers, with different interests at play. is there an interest on both your parties' parts to make sure that doesn't happen? mr. cole? >> i don't intend to speak for my party but i think your point is a valid one. i think it's incumbent upon this congress to solve this problem: i think it would be extraordinarily unfair to new members to show up and have this tax issue dumped in their laps. we're very, very close to a bipartisan solution. again, nobody is happy with everything in the bill on either side. but i think pushing it forward would not be... we're going to have pretty good fights next year. we don't need to create another one. we ought to settle this one between now and the end of the 112th congress. >> suarez: repre
it would mean that we're going over the fiscal cliff. if the latest is that maybe they won't be amending it, that would be a very positive sign. >> suarez: let me ask you both, if there's interest on both sides of the aisle to not start this argument all over again with the 113th congress. with new members in both chambers, with different interests at play. is there an interest on both your parties' parts to make sure that doesn't happen? mr. cole? >> i don't intend to speak for my...
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the president calls the fiscal cliff deal the victory. fine prohibit might suggest otherwise. >> that's right. because, first of all, this is going to add nearly $4 trillion to the debt. that's a big deal according to the congressional budget office, which is nonpartisan. the president had sort of campaign style video out there today. released under obama-biden letterhead that was basically saying it was a big victory for the american people because it reduces the deficit. even though in the long term debt is going to go up. number two the president talked about how this is going to ward them off for taxes. the tax policy center also nonpartisan had a study out today that said that actually 77% of america's households are going to see their actual taxes go up because of this deal. households making between 40 and $50,000 a year. taxes go up about $579. taxes go up $822. the reason is while the bush tax rates for the middle class were extended, the payroll tax cut was not extended. that was something that neither side did. so at the end of
the president calls the fiscal cliff deal the victory. fine prohibit might suggest otherwise. >> that's right. because, first of all, this is going to add nearly $4 trillion to the debt. that's a big deal according to the congressional budget office, which is nonpartisan. the president had sort of campaign style video out there today. released under obama-biden letterhead that was basically saying it was a big victory for the american people because it reduces the deficit. even though in...
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it's the same lesson with fiscal cliff and with sandy. speaker banner's speakership will continue to be what many would call a disaster if he continues to let the 50 people on the hard right dictate policy. they're way out of the mainstream. they're the reason we've had gridlock. they're the reason that the senate and the house don't function and congress doesn't function. it's not equal blame between democrats and republicans. we're not even equal blamed in the republican party. if you're going to let these 50 people dictate policy, whether it's no longer the federal government funding disasters or forcing us to go over the fiscal cliff unless they get their way despite the results of the election, his speakership will be continued to be disastrous, and he has to just tell them you cannot get your way, and there won't be. people respect leadership. he was showing that leadership. this group would have no choice but to go along. >> senator, after katrina as disastrous as the federal response was, congress took action within ten days, with
it's the same lesson with fiscal cliff and with sandy. speaker banner's speakership will continue to be what many would call a disaster if he continues to let the 50 people on the hard right dictate policy. they're way out of the mainstream. they're the reason we've had gridlock. they're the reason that the senate and the house don't function and congress doesn't function. it's not equal blame between democrats and republicans. we're not even equal blamed in the republican party. if you're...
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the fight over the fiscal cliff was just one battle in that war. it ended arguably with a victory for the democrats. the question is whether or not that victory sets the stage for a larger defeat. next is taylor joining us from chicago, democrats line. good morning. caller: thank you. the question will this congress be different as of today? no. they have issue with this president. the tea party who say they want to vote out everybody that voted tax increase on billionaire. it's not about class and i'm not jealous of anybody. i think they can pay a little more. it's not going to hurt them. as far as extending unemployment, it's not like they will stay on it forever. it can only go so far. it's one or two or three times. social security i'm going to be 62 in a couple years, i would like to collect social security also. i can't understand why they have this thing for the sandy hurricane relief. i stood up in my chair when i saw all the earmarks attached to it. i'm like excuse me. if $62 billion to go to connecticut, new york and new jersey and $40 mi
the fight over the fiscal cliff was just one battle in that war. it ended arguably with a victory for the democrats. the question is whether or not that victory sets the stage for a larger defeat. next is taylor joining us from chicago, democrats line. good morning. caller: thank you. the question will this congress be different as of today? no. they have issue with this president. the tea party who say they want to vote out everybody that voted tax increase on billionaire. it's not about class...
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the fiscal cliff. isn't it time for speaker boehner to confront these individuals himself? >> he did do that. he put some lesser known tea partiers in their place. he stripped them -- >> the last i heard eric cantor is still -- >> not eric cantor. the house is up for grabs. here is the good news. so for the last more than a decade, 15 years, the house of representatives on the republican side has been operating under something they call the hastert rule. that is named after former speaker denny hastert, and under the hastert rule, to bring a bill to the floor, the speaker needs to believe that he will get what's called a majority -- >> of the majority. >> -- of the majority. now, the fiscal cliff deal, they didn't have a majority of the majority. the hastert rule got shredded. >> what about the norquist commitment? that got shredded pretty -- >> there's a loophole on that. joosk. >> of course. >> midnight dispensation. >> that was what norquist tweeted. on this rule, what we have now is a precedent for
the fiscal cliff. isn't it time for speaker boehner to confront these individuals himself? >> he did do that. he put some lesser known tea partiers in their place. he stripped them -- >> the last i heard eric cantor is still -- >> not eric cantor. the house is up for grabs. here is the good news. so for the last more than a decade, 15 years, the house of representatives on the republican side has been operating under something they call the hastert rule. that is named after...
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the fiscal cliff? a lot, especially now that it's behind us. >> even better, if you find a way to work kim kardashian and kanye west bunch lines. >> police report around the country fewer drunk driving arrests this new year's eve. arrests were down. you know why? congress was stuck in session working on the budget. that's 500 drunks off the road! exactly. >> after hours and hours of tough negotiation, the most powerful people in america have finally come to an agreement. that's right. if it's a girl they'll name it kim, if it's a boy, they'll name it kanye. they figured it out. >>> kim kardashian pregnant. >> that's great. >> i just hope the media doesn't make a big deal out of this. i hope it doesn't get blown way out of proportion. that means she'll be seeking publicity for two now. >> oh. >> the next hour of "early start" begins right now. >>> i think right now it has to be the safest school in america. >>> back to class, the students of sandy hook elementary return to school this morning but it wil
the fiscal cliff? a lot, especially now that it's behind us. >> even better, if you find a way to work kim kardashian and kanye west bunch lines. >> police report around the country fewer drunk driving arrests this new year's eve. arrests were down. you know why? congress was stuck in session working on the budget. that's 500 drunks off the road! exactly. >> after hours and hours of tough negotiation, the most powerful people in america have finally come to an agreement....
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breaking developments in the fiscal cliff stalemate. senate majority leader harry reid adjourned the senate until noon tomorrow. house republican leaders have met wise today to try to decide what to do about the bill the senate passed overnight. republicans don't like the bill but tomorrow is the last day of this session of congress. if a solution isn't found by then, the problem gets passed on to the next congress and negotiations are back to square one. >>> grieving police officers and strangers are paying their respects today at a roadside memorial to a fellow officer. they dropped off flowers today to remember prince william county officer chris yung. he was killed yesterday in a crash on duty. he least behind a wife and three children. >>> students that went to sandy hook elementary school in newtown, connecticut, head back to school on thursday. but they will be going to new classrooms set up at a vacant school and the nearby town of monroe. sandy hook became a crime scene december 14 after a gunman killed 26 people and himself. i
breaking developments in the fiscal cliff stalemate. senate majority leader harry reid adjourned the senate until noon tomorrow. house republican leaders have met wise today to try to decide what to do about the bill the senate passed overnight. republicans don't like the bill but tomorrow is the last day of this session of congress. if a solution isn't found by then, the problem gets passed on to the next congress and negotiations are back to square one. >>> grieving police officers...
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to avoid the fiscal cliff?our phone lines are open now... 410-481-4544. you're watching fox 45 morning news.. all local.. all morning. ((break 6)) morning. ((break 6)) to refresh your day at dunkin' donuts! get a refreshing deal with any size freshly brewed iced tea or iced coffee for just 99 cents. america runs on dunkin'. despite his criminal lifestyle god was protecting reggie williams his whole life when i should have been killed in the streets, he didn't allow that to happen. he showed me mercy. even when i didn't deserve it. when i realized how much he loved me, that compelled me to love him back. that compelled me to love him back. ((question of dation of dayyani) we have officially avoideddthe fiscal cliff.as parttof the deal.. lawmakers raised taxes on individuals earning more than 400-thoussnd a year.but still take a financial hit in 20-13..hey will have to payyat least two-percent more inn payroll taxes. that means most of you will see maller paychecks this yeaa. year.are you happy withhthe deallllwm
to avoid the fiscal cliff?our phone lines are open now... 410-481-4544. you're watching fox 45 morning news.. all local.. all morning. ((break 6)) morning. ((break 6)) to refresh your day at dunkin' donuts! get a refreshing deal with any size freshly brewed iced tea or iced coffee for just 99 cents. america runs on dunkin'. despite his criminal lifestyle god was protecting reggie williams his whole life when i should have been killed in the streets, he didn't allow that to happen. he showed me...
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, trying to get to a bargain on the fiscal cliff. now we are heading to the very scary precipice of default again with republicans threatening to use that as leverage to get more spending cuts. for john boehner to say i can no longer trust a president, i just can't deal with him, makes i think things much, much heard. you can understand watching that vote and watching what's happened to boehner in the last couple of weeks why he has to say that. he needs to tell these members of his conference who are always telling him how disappointed they are and how everything he does is wrong. his other two leaders, of course did not vote on the fiscal cliff bill that the senate passed the other night, john boehner came out and did. so did paul ryan. so did dave camp, who chairs the ways and means committee, you have this splintered leadership, boehner feels like maybe these two years could be his last in the job. he has really got to be able to convince conservatives, he is going to make the fight on spending cuts and he has their back. why he
, trying to get to a bargain on the fiscal cliff. now we are heading to the very scary precipice of default again with republicans threatening to use that as leverage to get more spending cuts. for john boehner to say i can no longer trust a president, i just can't deal with him, makes i think things much, much heard. you can understand watching that vote and watching what's happened to boehner in the last couple of weeks why he has to say that. he needs to tell these members of his conference...
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he sacrificed a lot to get a solution to the fiscal cliff problem. clearly that vote, reverend al, did show us that there is a potential. there are numbers in the house if you use most democrats to do sensible things. and the question is always can the speaker bring around -- could he bring 85 people back to the table the way he did on the fiscal cliff vote to vote with nancy pelosi and move us forward? i don't know that he can. but it is significant when you've got boehner and you've got mitch mcconnell and even newt gingrich saying the debt ceiling is a loser. because it is. it's a loser for the economy and for them politically. >> because the point is you wrote yourself, the gop can't be trusted on the safety net in sa lon.com. let me read your words to jared and get his reaction. you need a partner to negotiate smart changes and today's republicans aren't trying to fix the two programs. many are trying to kill it, turn medicare into voucher care and privatize social security. >> you know, the republicans have two goals when it comes to fiscal pol
he sacrificed a lot to get a solution to the fiscal cliff problem. clearly that vote, reverend al, did show us that there is a potential. there are numbers in the house if you use most democrats to do sensible things. and the question is always can the speaker bring around -- could he bring 85 people back to the table the way he did on the fiscal cliff vote to vote with nancy pelosi and move us forward? i don't know that he can. but it is significant when you've got boehner and you've got mitch...
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they tried to force the issue using the debt ceiling in 2011 and using the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending in a government -- the government is spending us into penury. but it failed. the reason is, you cannot govern from one house of congress. that is the lesson. that is the truth. i wrote a column this morning saying, you have to recognize you cannot use these things because in the and you will have to cave. will be humiliated, your ratings will be low, as mark indicated, and you will not get the spending cuts anyways. realism has certainly taken over republican leadership, and i do not think that the republican house is going to want to go over the cliff. >> look and what has happened. the president has gone from dealing with the big problem that faces the whole country, to trying to destroy the republican party. is exactly what the public does not want. that is what is happening. we are turning into small, petty brinksmanship. let's see if we could crush the republican party. he has given up on a larger and more noble
they tried to force the issue using the debt ceiling in 2011 and using the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending in a government -- the government is spending us into penury. but it failed. the reason is, you cannot govern from one house of congress. that is the lesson. that is the truth. i wrote a column this morning saying, you have to recognize you cannot use these things because in the and you will have to cave. will be humiliated,...
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that's right, as part of the fiscal cliff, the payroll tax rose from 4.2% to 6.2% today. and it affects every working american. >> peter, what's this all mean? >> well, the last two years washington agreed to cut the payroll tax that you pay for your social security retirement from 6.2% to 4.2%. so, that costs the government about 100 million dollars a year in revenue. so, now the government has raised that back up. well, that's 100 billion dollars that's going to come out of consumer's pockets, it was put there to help try to stimulate the economy because of the weak economic recovery, but now, everyone's agreed that we've done it for two years, that's enough. the economy is growing okay, so we can pull it back. you can't pull it back without having some consequence. the average income for a worker in this country is about $50,000 a year, or so. so 2% of that is about $1,000 and there's independent analysis that shows that this increase in the payroll tax is going to cost the average worker about $800 to $1,000 more a year. so, that's 800 to $1,000 less in income, about
that's right, as part of the fiscal cliff, the payroll tax rose from 4.2% to 6.2% today. and it affects every working american. >> peter, what's this all mean? >> well, the last two years washington agreed to cut the payroll tax that you pay for your social security retirement from 6.2% to 4.2%. so, that costs the government about 100 million dollars a year in revenue. so, now the government has raised that back up. well, that's 100 billion dollars that's going to come out of...
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lawmakers get to the finish line. >> it is a fiscal cliff finale. lawmakers came to a last-minute deal. >> police are called to a hotel and multiple times on new year's day. >> a couple of flurries are moving to the area right now. >> we are seeing more volume on this wednesday morning. >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm stan stovall. >> and i'm mindy basara. thanks for joining us for 11 news today. it is back to work and school for most folks. >> the roads are going to be ok. it is a little chilly outside. make sure the kids where their jackets. we are in the winter season. 34 degrees right now at the airport. the wind at 5 miles per hour. in local there to the north in parkton, 27. -- a little colder to the north in parkton, 27. we will be near 40 degrees this afternoon. we will flat line as we go throughout the week. >> i feel like i'm flat line it every morning. >> a lot of folks are heading back to work and school. let's update you on
lawmakers get to the finish line. >> it is a fiscal cliff finale. lawmakers came to a last-minute deal. >> police are called to a hotel and multiple times on new year's day. >> a couple of flurries are moving to the area right now. >> we are seeing more volume on this wednesday morning. >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm stan stovall. >> and...
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republicans are upset how the fiscal cliff deal turned out. >> the fiscal cliff deal is now officially signed into law and president obama did that using a pen that copies his signature. president obama is back in hawaii on vacation with the first family. the house of representatives pass add fiscal cliff deal on tuesday night after the senate approved it. >> for the first time in two days a "spare the air" alert is nut in effect so you can legally use your fireplace. however, the bay area air quality management district is asking you still avoid doing so. officials say pollution levels in the air could build to unhealthy levels today if enough people decide to light a fire. that could force a "spare the air the air" alert. we will talk about the frost and the air. that is ahead. the embarcardero is one of the warmer spots but, city, nut terribly warm. we will check with your abc7 morning commute from the traffic center. >> the holidays could be over but the work is not done at ups, today is a very busy day at the shipping company. >> we are coming up on 6:10. there is too much moistur
republicans are upset how the fiscal cliff deal turned out. >> the fiscal cliff deal is now officially signed into law and president obama did that using a pen that copies his signature. president obama is back in hawaii on vacation with the first family. the house of representatives pass add fiscal cliff deal on tuesday night after the senate approved it. >> for the first time in two days a "spare the air" alert is nut in effect so you can legally use your fireplace....